Together with Ardian we increased our commitment to Baltkom
Together with Ardian, an independent private investor, we increased our joint investment in Baltkom TV, Latvia’s largest cable television operator, by completing the buyout of a minority shareholder. This transaction strengthens our strategic partnership, having initially invested in Baltkom in May 2011.
Baltkom TV was established in 1991. It is one of the leading telecommunication companies in Latvia, offering analogue and interactive digital TV, high-speed internet and fixed line telephone services and, since August 2013, electric energy retail distribution for households.
Together with Ardianwe have an unparalleled experience in investing in telecommunication companies in such countries as France, Poland, the Baltic States, Bulgaria, Scandinavia and other international markets.
MartonHunek, Director of Ardian, said: “This additional investment is another example that we are continuing our long-term commitment to Baltkom and its management team. We look forward to working with the company as it continues to grow organically and through M&A transactions in the fast-growing Latvian economy.”
Piotr Noceń, Managing Partner of Resource Partners, said: “We were impressed with the pace of Baltkom’s growth and therefore decided to increase our stake in the company. We strongly believe in Baltkom’sprospects and its ability to consolidate the Latvian market.”
Buglo Play Sp z o.o. acquires Finnish company LeikkiSet Oy
Buglo Play Sp. z o.o., one of our portfolio companies, has acquired LeikkiSet Oy, a leading Finnish company specializing in playground equipment, outdoor fitness, and urban furniture. This marks another milestone for Buglo in its mission to become one of Europe’s top three playground equipment manufacturers.
RP invests in construction blocks manufacturer COBI
Resource Partners has acquired a 40% minority stake in COBI, a company renowned for its production of toy construction blocks. Founded over 35 years ago by Robert Podleś, COBI has gained international recognition for its extensive portfolio of historical construction blocks sets, attracting a large community of collectors and enthusiasts worldwide. The company has also partnered with iconic brands such as Boeing, NASA, Lockheed Martin, Top Gun, Maserati, Fiat, Opel, Citroen and Northrop Grumman.
